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Shutterfly (NASDAQ:SFLY) CAO Brian Manca unloaded 1,724 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $46.95, for a total value of $80,941.80. Following the completion of the sale, the chief accounting officer now directly owns 22,000 shares in the company, valued at approximately $1,032,900. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on SFLY shares. Analysts at Barclays downgraded shares of Shutterfly from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, January 13th. They now have a $50.00 price target on the stock, down previously from $62.00. Separately, analysts at RBC Capital initiated coverage on shares of Shutterfly in a research note to investors on Monday, January 13th. They set an “outperform” rating and a $64.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Shutterfly from $57.00 to $60.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.17.

Shutterfly (NASDAQ:SFLY) traded up 1.70% on Wednesday, hitting $47.74. The stock had a trading volume of 777,333 shares. Shutterfly has a 52-week low of $32.03 and a 52-week high of $59.93. The stock has a 50-day moving average of $47.89 and a 200-day moving average of $52.29. The company has a market cap of $1.816 billion and a price-to-earnings ratio of 98.41.

Shutterfly, Inc is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories its technology, manufacturing, Web-design and merchandising capabilities.

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